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Walgreens 6721 S Congress Ave 13,277 SF Retail Building Austin, TX 78745 $7,797,556 CAD ($587.30 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Limited Pharmacy Competition – The trade area benefits from limited pharmacy competition, with Walgreens serving as the only major national drugstore
- High Traffic Counts & Visibility – The property offers outstanding visibility and access along major transportation corridors
- Austin Light Rail Expansion – Austin’s planned Orange Line extension to Congress Avenue and William Cannon Drive
Executive Summary
Broker of Record
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,277 SF
Building Class
B
Year Built
2003
Price
$7,797,556 CAD
Price Per SF
$587.30 CAD
Cap Rate
7.25%
NOI
$565,323 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.07 AC
Zoning
GR, Austin
Parking
70 Spaces (5.27 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 335878 | Improvements Assessment | $4,577,372 CAD |
| Land Assessment | $2,509,980 CAD | Total Assessment | $7,087,352 CAD |
Property Taxes
Parcel Number
335878
Land Assessment
$2,509,980 CAD
Improvements Assessment
$4,577,372 CAD
Total Assessment
$7,087,352 CAD
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Walgreens | 6721 S Congress Ave
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